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Federal Reserve, Bloomberg Lawsuit: Bank Fights To Keep Details Of $2 Trillion Bailout Program Secre

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babsbunny Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-11-10 06:53 PM
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Federal Reserve, Bloomberg Lawsuit: Bank Fights To Keep Details Of $2 Trillion Bailout Program Secre
Secret

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=...

By David Glovin and Thom Weidlich

Jan. 11 (Bloomberg) -- The Federal Reserve asked a U.S. appeals court to block a ruling that for the first time would force the central bank to reveal secret identities of financial firms that might have collapsed without the largest government bailout in U.S. history.

The U.S. Court of Appeals in Manhattan will decide whether the Fed must release records of the unprecedented $2 trillion U.S. loan program launched after the 2008 collapse of Lehman Brothers Holdings Inc. In August, a federal judge ordered that the information be released, responding to a request by Bloomberg LP, the parent of Bloomberg News.

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